The Buyout Amount Sample Clauses

The Buyout Amount. In connection with the Acquisition Transaction, the purchase price to be paid by Leyou Technologies (the “Buyout Purchase Price”) shall be equal to the product obtained by multiplying (a) the Buyout Valuation, by (b) the quotient obtained by dividing (i) the number of outstanding shares of Company capital stock at the time of completion of the Acquisition Transaction then beneficially held by all Stockholders other than Leyou Technologies (the “Selling Stockholders”), including Common Stock, Series A Preferred Stock and any stock options exercised in connection with the Acquisition Transaction, by (ii) the number of outstanding shares of Company capital stock at the time of completion of the Acquisition Transaction then beneficially held by all Stockholders, including Common Stock, Series A Preferred Stock and any stock options exercised in connection with the Acquisition Transaction. The Buyout Purchase Price shall be apportioned among the Selling Stockholders and all grantees (the “SEP Grantees”) under the Company’s Stock Equity Plan duly adopted on October 26, 2017 and all successor plans thereto (collectively the “Stock Equity Plan”) pro rata, on a basis that provides for the holders of Series A Preferred Stock other than Leyou Technologies to receive the Series A Liquidation Amount as provided in the Company’s Certificate of Incorporation, and in accordance with the terms of the Stock Equity Plan. Unless the parties agree otherwise, Leyou Technologies shall (x) pay the Selling Stockholders’ portion of the Buyout Purchase Price directly to the Selling Stockholders in exchange for the Selling Stockholders’ shares of Company capital stock, and (y) pay the SEP Grantees’ portion of the Buyout Purchase Price to the Company, with the Company then paying such amounts to the SEP Grantees in accordance with the terms of the Stock Equity Plan. The parties acknowledge and agree that Leyou Technologies shall not be required to pay any amounts in excess of the Buyout Purchase Price in connection with the Acquisition Transaction, including but not limited to any additional payments to SEP Grantees, and the Company shall have no obligations to the SEP Grantees under the Stock Equity Plan after completion of the Acquisition Transaction and payment of the SEP Grantees’ portion of the Buyout Purchase Price to the SEP Grantees.
Sample 1
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Related to The Buyout Amount

  • Price; Payment Terms Prices for the Goods and/or Services will be set out in the applicable Order. Price increases or charges not expressly set out in the Purchase Order shall not be effective unless agreed to in advance in writing by Xxxxx. Supplier will issue all invoices on a timely basis. All invoices delivered by Supplier must meet Buyer’s requirements, and at a minimum shall reference the applicable Purchase Order. Buyer will pay the undisputed portion of properly rendered invoices thirty (30) days from the invoice date. Buyer shall have the right to withhold payment of any invoiced amounts that are disputed in good faith until the parties reach an agreement with respect to such disputed amounts and such withholding of disputed amounts shall not be deemed a breach of this Agreement nor shall any interest be charged on such amounts. Notwithstanding the foregoing, Xxxxx agrees to pay the balance of the undisputed amounts on any invoice that is the subject of any dispute within the time periods specified herein. The seller must invoice for the entire purchase order within 180 days of delivery, or forfeit payment of those portions that were not invoiced.

  • PURCHASE PRICE & PAYMENT The total Purchase Price for the Property is the amount of the successful bid for the parcel at public auction.

  • PAYMENT TERMS/PRE-PAYMENT/QUANTITY DISOUNTS If discounts for accelerated payment, pre-payment, progress payment, or quantity discounts are offered, they must be clearly indicated in the Contractor’s submission prior to contract award. The applicability or acceptance of these terms is at the discretion of the Customer.

  • PRICE & PAYMENT Unless otherwise agreed:

  • Payment Amount Payment for the Services shall be as follows: (choose one) ☐ - $______________________ for the Services (“Payment”). ☐ - At an hourly rate of $____ per hour (“Payment”). ☐ - Other. ______________________________________________ (“Payment”) If the Subcontractor asserts a claim which involves, in whole or in part, acts or omissions which are the responsibility of the Client or another person for whom a claim may be submitted, including but not limited to, claims for failure to pay, an extension of time, impacts, delay damages, or extra work, the Contractor shall present the Subcontractor's claim to the Client or other responsible party provided the Subcontractor presents to Contractor competent supporting evidence and in sufficient time for the Contractor to do so. The Subcontractor shall cooperate fully with the Contractor in any and all steps the Contractor takes in connection with prosecuting such a claim and shall hold harmless and reimburse the Contractor for all expenses, including legal expenses, incurred by the Contractor which arise out of the Contractor's submission of the Subcontractor's claims to the Client or other responsible party(ies). The Subcontractor shall be bound by any adjudication or award in any action or proceeding resolving such a claim.

  • Minimum Payment Due Your Minimum Payment Due is listed on your Statement and equals the lesser of: • the amount of your New Balance, or • the greater of: • $30, or • 3% of the amount you owe, or • the sum of Finance Charges accrued since the last Billing Cycle (including Interest Charges and Transaction Fees), plus any Penalty Fees, Annual Fees (if applicable), and one-time fees that have been posted to your Account, plus 1% of the amount you owe. Making only the Minimum Payment Due will increase the amount of interest you pay and the time it takes to repay your balance.

  • Payment Terms – Payment in Arrears A. Invoices are to be submitted in arrears to the user agency/department to the ship- to address, unless otherwise directed in this CONTRACT. Payment will be net 30 days after receipt of an invoice in a format acceptable to the County of Orange and verified and approved by the agency/department and subject to routine processing requirements. The responsibility for providing an acceptable invoice rests with the CONTRACTOR.

  • PURCHASE PRICE & TERMS The Buyer agrees to purchase the Property by payment of US Dollars ($ ) as follows: (check one) ☐ - All Cash Offer. No loan or financing of any kind is required in order to purchase the Property. Buyer shall provide Seller written third (3rd) party documentation verifying sufficient funds to close no later than , 20 , at : ☐ AM ☐ PM. Seller shall have three (3) business days after the receipt of such documentation to notify Buyer, in writing, if the verification of funds is not acceptable. If Buyer fails to provide such documentation, or if Seller finds such verification of funds is not acceptable, Seller may terminate this Agreement. Failure of Seller to provide Buyer written notice of objection to such verification shall be considered acceptance of verification of funds.

  • The Purchase Price If the sale of the Property is not subject to HST, Seller agrees to certify on or before (included in/in addition to) closing, that the sale of the Property is not subject to HST. Any HST on chattels, if applicable, is not included in the Purchase Price.

  • Agreement Amount The Grantee acknowledges and agrees that, notwithstanding any other provision of this Agreement, the maximum amount payable by the City under this Agreement for the initial ## month term shall not exceed the amount approved by City Council, which is $ (dollar amount), and $ (dollar amount) per ## month extension option, for a total Agreement amount of $ . Continuation of the Agreement beyond the initial ## months is specifically contingent upon the availability and allocation of funding, and authorization by City Council.

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